Western Union launches outbound money transfer service in Myanmar

WESTERN UNION, a global payment services provider, has launched Myanmar’s first outbound money-transfer service, three years after launching inbound services. Patricia Riingen, the firm’s senior vice president for Southeast Asia and Oceania, said the target consumers would be people aged from 25 to 60 who are active on social media and have international exposure (either […]

Western Union expands business in Myanmar

The Western Union, a financial services and communications company, has expanded its remittance business in Myanmar under the cooperation with nine local banks, the company said. The announcement coincided with the ceremony to mark the company’s one-year anniversary, held yesterday at the Park Royal Hotel and attended by officials from Central Bank of Myanmar and […]

Ways Old and New Clash in Myanmar’s Money Transfer Market

Eight months after the global money transfer giant started operations in Burma, Western Union says people in 107 countries have sent money to the previously sanctioned Southeast Asian country. With eight local banks onboard as in-country partners, the company has 280 agents across Burma, covering all of the country’s states and regions, bar the hard-to-access […]